U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10KSB/A
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1997
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from, _______________ to _____________.
Commission file number 0-20915
GEO PETROLEUM, INC.
(Name of Small Business Issuer in Its Charter)
California 33-0328958
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
501 Deep Valley Drive, Suite 300
Rolling Hills Estates, California 90274
(Address of principal executive offices) (Zip Code)
Issuers telephone number (310) 265-0721
Securities registered under Section 12(b) of the Exchange Act:
Name of each Exchange
Title of each class on which registered
------------------- -----------------------
Common NASD Bulletin Board
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, No Par Value
(Title of Class)
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [ X ] YES [ ] NO
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-B is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by
<PAGE>
reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB.
[ ]
Transitional Small Business Disclosure Format.
[ ] YES [ X ] NO
<PAGE>
Geo Petroleum, Inc. hereby amends the Annual Report on Form 10KSB dated December
31, 1997, by adding Exhibit 27 - Financial Data Schedule as follows:
GEO PETROLEUM, INC.
ARTICLE 5 FINANCIAL DATA SCHEDULE
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
Geo Petroleum Inc.
Dated: October 26, 1998
By: /s/ GERALD T. RAYDON
-----------------------------------
GERALD T. RAYDON
Chairman and C.E.O.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the Registrant and
in the capacities and on the date indicated.
Signatures and dates of directors.
Signature Title Date
Gerald T. Raydon Chairman and C.E.O. October 26, 1998
Larry R. Burroughs President/C.O.O./
Director October 26, 1998
Alyda L. Raydon Director October 26, 1998
William J. Corcoran Director October 26, 1998
Signatures for all directors and chief executive officer and Principal Financial
and Accounting Officer.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> UNAUDITED CONDENSED FINANCIAL STATEMENTS AT 12/31/97
</LEGEND>
<CIK> 0001016275
<NAME> GEO PETROLEUM, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-12-1997
<CASH> 418,393
<SECURITIES> 0
<RECEIVABLES> 123,013
<ALLOWANCES> 341,263
<INVENTORY> 0
<CURRENT-ASSETS> 882,669
<PP&E> 6,498,324
<DEPRECIATION> (1,201,602)
<TOTAL-ASSETS> 6,179,391
<CURRENT-LIABILITIES> 1,649,176
<BONDS> 0
<COMMON> 7,049,399
0
0
<OTHER-SE> (2,519,184)
<TOTAL-LIABILITY-AND-EQUITY> 6,179,391
<SALES> 1,100,549
<TOTAL-REVENUES> 1,299,759
<CGS> 696,648
<TOTAL-COSTS> 1,923,374
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 144,791
<INCOME-PRETAX> (768,406)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> (3,744)
<CHANGES> 0
<NET-INCOME> (772,150)
<EPS-PRIMARY> (0.10)
<EPS-DILUTED> (0.10)
</TABLE>
